Union Corporate Bond Fund
This is the Regular plan of Union Corporate Bond Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★☆☆☆☆1/5 vs 22 Corporate Bond Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Corporate Bond Fund (same plan and option).
3Y CAGR +6.50% · ranks 18 of 21 Corporate Bond Funds
Volatility 1.2% vs 1.1% category avg
0.7% expense vs 0.7% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (+3.54%) trails the Corporate Bond Fund average (+4.52%)
- Ranks #21 of 21 on 1-year return in its Corporate Bond Fund cohort
- Weaker risk-adjusted returns — Sharpe 0.00 below the Corporate Bond Fund average of 0.27
- More volatile than its Corporate Bond Fund peers (1.2% vs 1.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Corporate Bond Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.18% | +0.07% | -0.25% |
| 3M abs | -0.09% | +0.42% | -0.51% |
| 6M abs | +2.45% | +2.93% | -0.48% |
| 1Y CAGR | +3.54% | +4.52% | -0.98% |
| 3Y CAGR | +6.50% | +6.79% | -0.29% |
| 5Y CAGR | +5.44% | +5.89% | -0.45% |
Category average across peers in Corporate Bond Fund (up to 20 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 20 peers in Corporate Bond Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Union Corporate Bond Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +2.34% | |
| 2025 | +7.61% | |
| 2024 | +7.98% | |
| 2023 | +6.44% | |
| 2022 | +2.40% | |
| 2021 | +2.91% | |
| 2020 | +10.68% | |
| 2019 | +4.32% | |
| 2018part | +4.10% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt87.33%
- Cash & Equivalents12.67%
Fund size over time
Quarterly average AUM · AMFIDown +22% from its peak of ₹583.75Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Union Mutual Fund is sponsored by Union Bank of India, and was branded Union KBC until its Belgian joint-venture partner exited. It runs a small equity, hybrid and debt line-up.
Fund Managers
PAParijat AgrawalStart date not disclosed
Head - Fixed Income
Bachelor of Engineering (Electronics & Communications), PGDM (IIM Bangalore)
Industry Experience: Over 29 years of experience in Funds Management. September 2010 till date with Union Dynamic Bond - Union Asset Management Company Private Limited as Head - Fixed Income with overall responsibilities of Portfolio Fund, Management of Fixed Income and Hybrid Funds. October 2006 till July 2010 with SBI Mutual Fund as Head Fixed Income with responsibilities of Portfolio Management of Fixed Income and Hybrid Funds. November 2004 till September 2006 with State Bank of Mauritius Limited with responsibilities of managing the entire Treasury functions of the Bank. December 1999 till May 2004 with SUN F&C Asset Management as Fund Manager responsible for Portfolio Management of Fixed Income and Hybrid Funds.
ASAnindya SarkarManaging since 01 Nov 2018
Fund Manager - Fixed Income
BE Civil, MBA (Finance), MBA (Risk & Insurance), FRM
Industry experience: Over 22 years of experience in Financial Services Sector. Appointed as Co-Fund Manager at Union Asset Management Company Private Limited with effect from November 01, 2018. September 01, 2010 to October 31, 2018 with Union Asset Management Private Limited (last position held: Vice President – Risk Management). November 2009 till August 2010 with Sarcon Blockbuild Ltd (Family business). June 2009 till September 2009 with Navigators Inc. and from September 2007 till May 2009 with St. John's University (part time employment while pursuing MBA – Risk and Insurance). February 2000 till March 2007 with ICAP India Private Limited as Dealer – Fixed Income.
SPShrenuj ParekhManaging since 14 Jul 2023
Co- Fund Manager - Fixed Income
Chartered Accountant, ICAI, Bachelor of Commerce, University of Mumbai, N.M. College of Commerce and Economics
Industry experience: Over 12 years of experience in the field of Finance. June 22, 2023 onwards with Union Asset Management Company Private Limited as Co- Fund Manager - Fixed Income; January 13, 2020 to June 21, 2023 with Union Asset Management Company Private Limited as Credit Analyst; November 2018 to January 2020 with CRISIL Ratings Limited as Senior Rating Analyst, Large Corporate Group - Finance; October 2015 to October 2018 with Axis Bank as Deputy Manager, Risk; September 2012 to September 2015 with Deloitte Haskins & Sells LLP as Senior Associate, Statutory Audit.
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Union in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Union Mutual Fund Says: When It Comes to Investing, Don’t Just Take a ‘Tukka’
IMPACT Magazine · 4d ago
‘Tukka Nahi ,Tareeka Chahiye’ now has a tune: Union Mutual Fund adds a jingle to its investor awareness campaign
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Corporate Bond funds
Corporate bond funds lend mainly to high-rated companies (AA+ and above). They aim for a little more yield than government debt while keeping credit risk low.
Frequently asked questions
What is the NAV of Union Corporate Bond Fund?
As of 01 Oct 2026, the NAV of Union Corporate Bond Fund is ₹16.07 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Union Corporate Bond Fund delivered?
Union Corporate Bond Fund has returned +3.54% over 1 year, +6.50% per year over 3 years, +5.44% per year over 5 years and +5.83% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Union Corporate Bond Fund?
Union Corporate Bond Fund charges an expense ratio of 0.73% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Union Corporate Bond Fund?
Union Corporate Bond Fund's largest holdings are GOI 6.68% 2040 (10.0%), Bajaj Housing Finance Ltd. (8.4%), Kotak Mahindra Prime Ltd. (5.2%), Small Industries Development Bank of India (5.1%) and Reliance Industries Ltd. (3.5%). Holdings are disclosed monthly and change over time.
How risky is Union Corporate Bond Fund?
Union Corporate Bond Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.2% and its worst peak-to-trough fall in our sample was -5.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.00 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Union Corporate Bond Fund's 0.00 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Union Corporate Bond Fund?
Union Corporate Bond Fund is benchmarked against the • As per AMFI Tier I benchmark: $ CRISIL Corporate Debt A-II Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are th. Its alpha and beta on this page are measured against that index.
Who manages Union Corporate Bond Fund?
Union Corporate Bond Fund is managed by Parijat Agrawal, Anindya Sarkar and Shrenuj Parekh at Union.
How is Union Corporate Bond Fund taxed?
Union Corporate Bond Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.